1347 Capital Corp. Common Stock, Rights and Warrants to Commence
Separate Trading on or about August 7, 2014

August 05, 2014 04:05 PM Eastern Daylight Time

ITASCA, Ill.--(BUSINESS WIRE)--1347 Capital Corp. (NASDAQ:TFSCU) (“1347 Capital” or the “Company”),
a company formed for the purpose of entering into a merger, share
exchange, asset acquisition or other similar business combination with
one or more businesses or entities, today announced that holders of the
Company's units may elect to separately trade the common stock, rights
and warrants included in such units commencing on or about August 7,
2014.

The common stock, rights and warrants will trade on the NASDAQ Capital
Market ("NASDAQ") under the symbols TFSC, TFSCR and TFSCW, respectively.
Units not separated will continue to trade on NASDAQ under the symbol
TFSCU.

A registration statement relating to the units and the underlying
securities was declared effective by the Securities and Exchange
Commission on July 15, 2014. This press release shall not constitute an
offer to sell or a solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. The offering was made only by means of a prospectus,
copies of which may be obtained by visiting the U.S. Securities and
Exchange Commission website at http://www.sec.gov.
Alternatively, a copy of the prospectus relating to the offering may be
obtained from EarlyBirdCapital, Inc., 366 Madison Avenue, 8th Floor, New
York, NY 10017, Attn: Aimee Bloch, 212-661-0200.

About 1347 Capital Corp.

1347 Capital Corp. is a blank check company formed for the purpose of
entering into a merger, share exchange, asset acquisition, stock
purchase, recapitalization, reorganization or other similar business
combination with one or more businesses or entities. The Company’s
efforts to identify a target business will not be limited to a
particular industry or geographic region, although it intends to focus
efforts on seeking a business combination with a company or companies
operating in or providing services to the insurance industry.

Forward-Looking Statements

This press release includes “forward-looking statements” that are not
historical facts, and involve risks and uncertainties that could cause
actual results to differ materially from those expected and projected.
Words such as “expects”, “believes”, “anticipates”, “intends”,
“estimates”, “seeks” and variations and similar words and expressions
are intended to identify such forward-looking statements. Such
forward-looking statements relate to future events or future
performance, but reflect 1347 Capital management’s current beliefs,
based on information currently available. A number of factors could
cause actual events, performance or results to differ materially from
the events, performance and results discussed in the forward-looking
statements. For information identifying important factors that could
cause actual results to differ materially from those anticipated in the
forward looking statements, please refer to the Risk Factors section of
1347 Capital's registration statement and prospectus for its offering
filed with the Securities and Exchange Commission. Except as expressly
required by applicable securities law, the Company disclaims any
intention or obligation to update or revise any forward looking
statements whether as a result of new information, future events or
otherwise.